Downturn
- All
- News
- Videos
-
Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
-
Leonardo DiCaprio's Russian Lookalike Enlists In Army After Weight Gain And Career Challenges
A Moscow-based actor known for resembling Leonardo DiCaprio has seen his career take a downturn, leading to significant weight gain.
-
Bitcoin Price Today: BTC, Ether Extend Last Week's Losses, Altcoins See Widespread Declines
Despite a downturn in most crypto assets on Monday, the overall crypto market valuation increased by 2 percent in the last 24 hours. While BTC and ETH saw minor losses, Polkadot, Elrond, and Bitcoin SV posted notable gains on Monday, October 7.
-
Sri Lanka's First Presidential Vote Since Unrest To Be Held On September 21
The election will be the first test of the public mood since the height of the 2022 downturn, which caused months of food, fuel and medicine shortages across the island nation.
-
Web3 Startups Surge in Asia, Europe as New Legislation, Crypto-AI Mergers Gain Traction: Report
A recent report by blockchain startup accelerator Alliance has claimed that Europe, Asia, and North America have registered big expansion in their Web3 startup ecosystems. In contrast, the US and Canada are experiencing a downturn, likely due to regulatory uncertainty in these regions.
-
China's Young Ditch "Hustle Culture" For "Naked Resignations"
Young professionals in China are increasingly opting for "naked resignation," quitting jobs without backup plans, challenging traditional career norms.
-
Crypto Price Today: Bitcoin and Ether Stable Amidst Volatility, Most Altcoins Hit by Downturn
The overall crypto market managed to see a rise of 0.91 percent in valuation over the last 24 hours. Bitcoin and Ether recorded minor price fluctuations on Wednesday, June 26. Tether, Solana, and Dogecoin emerged among gainers while losses struck Ripple and Binance Coin.
-
iPad Pro (2024) With Ultra Retina XDR OLED Could Witness Over 9 Million Shipments: Report
iPad Pro (2024), which was launched at Apple’s Let Loose event in May, reportedly has a shipment target of more than nine million units. The Cupertino-based tech giant is said to be sticking to the massive target despite reports predicting a downturn for the market. The number far exceeds the estimates of market experts, who pegged Apple to ship ...
-
Tesla, Starlink, X: What Is On Agenda For Elon Musk's India Trip
Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.
-
Samsung Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut
Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to ...
-
Can India, China Have Working Relationship? What Foreign Minister Said
External Affairs Minister Dr S Jaishankar on Friday said that the present downturn in bilateral relations was created by China and not by India, maintaining that it takes two hands to clap for a relationship to work.
-
New Zealand Economy Falls Into Recession, First Since 2020
New Zealand's agriculture-driven economy has fallen into recession, according to official data released Thursday, with a damaging cyclone fuelling a widespread downturn just months before national elections.
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
-
Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
-
TSMC to Recruit More Than 6,000 New Staff in 2023 Despite Global Downturn in Chip Sector
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday. The company will seek young engineers with associates, bachelor's, masters's or doctorate degrees in electrical engineering or software-related fields, in cities all ...
-
Siemens To Cut Up To 5,000 Jobs In Automation Business After Downturn
Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.
-
Leonardo DiCaprio's Russian Lookalike Enlists In Army After Weight Gain And Career Challenges
A Moscow-based actor known for resembling Leonardo DiCaprio has seen his career take a downturn, leading to significant weight gain.
-
Bitcoin Price Today: BTC, Ether Extend Last Week's Losses, Altcoins See Widespread Declines
Despite a downturn in most crypto assets on Monday, the overall crypto market valuation increased by 2 percent in the last 24 hours. While BTC and ETH saw minor losses, Polkadot, Elrond, and Bitcoin SV posted notable gains on Monday, October 7.
-
Sri Lanka's First Presidential Vote Since Unrest To Be Held On September 21
The election will be the first test of the public mood since the height of the 2022 downturn, which caused months of food, fuel and medicine shortages across the island nation.
-
Web3 Startups Surge in Asia, Europe as New Legislation, Crypto-AI Mergers Gain Traction: Report
A recent report by blockchain startup accelerator Alliance has claimed that Europe, Asia, and North America have registered big expansion in their Web3 startup ecosystems. In contrast, the US and Canada are experiencing a downturn, likely due to regulatory uncertainty in these regions.
-
China's Young Ditch "Hustle Culture" For "Naked Resignations"
Young professionals in China are increasingly opting for "naked resignation," quitting jobs without backup plans, challenging traditional career norms.
-
Crypto Price Today: Bitcoin and Ether Stable Amidst Volatility, Most Altcoins Hit by Downturn
The overall crypto market managed to see a rise of 0.91 percent in valuation over the last 24 hours. Bitcoin and Ether recorded minor price fluctuations on Wednesday, June 26. Tether, Solana, and Dogecoin emerged among gainers while losses struck Ripple and Binance Coin.
-
iPad Pro (2024) With Ultra Retina XDR OLED Could Witness Over 9 Million Shipments: Report
iPad Pro (2024), which was launched at Apple’s Let Loose event in May, reportedly has a shipment target of more than nine million units. The Cupertino-based tech giant is said to be sticking to the massive target despite reports predicting a downturn for the market. The number far exceeds the estimates of market experts, who pegged Apple to ship ...
-
Tesla, Starlink, X: What Is On Agenda For Elon Musk's India Trip
Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.
-
Samsung Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut
Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to ...
-
Can India, China Have Working Relationship? What Foreign Minister Said
External Affairs Minister Dr S Jaishankar on Friday said that the present downturn in bilateral relations was created by China and not by India, maintaining that it takes two hands to clap for a relationship to work.
-
New Zealand Economy Falls Into Recession, First Since 2020
New Zealand's agriculture-driven economy has fallen into recession, according to official data released Thursday, with a damaging cyclone fuelling a widespread downturn just months before national elections.
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
-
Samsung Vows to Cut Chip Production Amid Global Downturn in Demand; Shares Surge 4.5 Percent
Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.
-
TSMC to Recruit More Than 6,000 New Staff in 2023 Despite Global Downturn in Chip Sector
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will recruit more than 6,000 new staff in 2023, the company said in a statement on Saturday. The company will seek young engineers with associates, bachelor's, masters's or doctorate degrees in electrical engineering or software-related fields, in cities all ...
